Lead Commercial Real Estate Underwriter, Wells Fargo

Wells Fargo

Location:
United States, New York

Category:
Banking

Contract Type:
Employment contract

Salary:

167000.00 - 260000.00 USD / Year

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Job Description:

Wells Fargo is seeking a Lead Commercial Real Estate Underwriter to conduct underwriting and due diligence on Commercial Real Estate loans for Commercial Mortgage Backed Securities (CMBS) loans. The role involves underwriting complex CMBS loans, financial modeling, due diligence, risk assessment, and working with rating agencies and investors.

Job Responsibility:

Underwrite complex CMBS loans primarily from ~$5MM to $150MM
Complete underwriting and financial models for transactions
Conduct due diligence on property cash flow and operating expenses
Review tenant leases and estoppels
Read and review third party reports, including environmental, engineering, and appraisals
Field questions from Rating Agencies and investors related to underwriting
Review borrower organizational charts and documents
Complete Site Inspections
Identify risks and mitigates associated with transactions
Identify required CMBS underwriting disclosures
Prepare internal risk ratings for the bank
Prepare and present credit approval memos
Manage and train junior team members
Work alongside senior leadership to enhance efficiency in the platform

Requirements:

5+ years of Commercial Real Estate Underwriting experience
Experience with Commercial Mortgage Backed Securities (CMBS), balance sheet, or debt fund lending
Extensive knowledge of bank and Commercial Mortgage Backed Securities lending programs and credit policies
Experience with non-recourse, cash flow based lending structures
Superior project management skills including ability to handle multiple projects concurrently
Strategic planning experience in translating leadership vision into executable strategies and initiatives
Excellent communication skills and ability to articulate complex material to a diverse audience
Advanced Microsoft Excel skills
Advanced Microsoft Office skills
Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
Ability to prepare management level presentations
Ability to travel as needed
Willingness to work on-site
Ability to work additional hours as needed
Subject to FINRA Background Screening Requirements

Nice to have:

Experience with Commercial Mortgage Backed Securities (CMBS), balance sheet, or debt fund lending
Extensive knowledge of bank and Commercial Mortgage Backed Securities lending programs and credit policies
Strategic planning experience in translating leadership vision into executable strategies and initiatives

What we offer:

Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement

Additional Information:

Job Posted:
September 26, 2025

Expiration:
October 10, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Lead Commercial Real Estate Underwriter